global downturn culls worlds millionaires
A new survey performed by Merrill Lynch and Capgemini has outlined the effects of the global economic downturn on the world's wealthiest people. Figures show the number of high net worth individuals, those with over £18 million to invest has dramatically fallen by nearly 15% compared to 2008. The effects on the UK was far greater where high net worth individual numbers fell by 26.3% in the last year.
The substancial reduction in the UK has been driven by falling property and asset valuations, a reduction in stocks and shares prices and reduced turnover and profits for businessmen and women. At present the USA has the highest number of super rich people residing there. However, experts have predicted that China and other Asia-Pacific countries are likely to knock the US off the top spot by 2013.
If you are looking for investment advice or looking for a business loan to help fund your business then look no further than Rainbow. We want to help you make the most of your money and be the next high net worth individual. Simply complete the form below and a investment specialist will call you back.
A new survey performed by Merrill Lynch and Capgemini has outlined the effects of the global economic downturn on the world's wealthiest people. Figures show the number of high net worth individuals, those with over £18 million to invest has dramatically fallen by nearly 15% compared to 2008. The effects on the UK was far greater where high net worth individual numbers fell by 26.3% in the last year.
The substancial reduction in the UK has been driven by falling property and asset valuations, a reduction in stocks and shares prices and reduced turnover and profits for businessmen and women. At present the USA has the highest number of super rich people residing there. However, experts have predicted that China and other Asia-Pacific countries are likely to knock the US off the top spot by 2013.
If you are looking for investment advice or looking for a business loan to help fund your business then look no further than Rainbow. We want to help you make the most of your money and be the next high net worth individual. Simply complete the form below and a investment specialist will call you back.
Seems a mllions miles aways from the average man or woman on the street, Now those who previous had 18million + now have a few less millions.
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